Eurizon Capital SGR S.p.A. acquired a new stake in Electronic Arts Inc. (NASDAQ:EA – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 108,821 shares of the game software company’s stock, valued at approximately $22,223,000.
Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Electronic Arts by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock valued at $5,879,205,000 after acquiring an additional 485,030 shares during the last quarter. Geode Capital Management LLC grew its position in Electronic Arts by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock valued at $1,382,030,000 after acquiring an additional 143,195 shares during the last quarter. Pentwater Capital Management LP bought a new position in Electronic Arts in the 3rd quarter valued at $968,160,000. Ameriprise Financial Inc. lifted its holdings in shares of Electronic Arts by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock worth $926,194,000 after buying an additional 374,840 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Electronic Arts by 4.9% in the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock worth $870,328,000 after buying an additional 202,657 shares during the period. Institutional investors own 90.23% of the company’s stock.
Electronic Arts Price Performance
Shares of EA stock opened at $201.72 on Friday. Electronic Arts Inc. has a twelve month low of $141.19 and a twelve month high of $204.88. The stock has a market capitalization of $50.58 billion, a price-to-earnings ratio of 57.80, a P/E/G ratio of 2.22 and a beta of 0.66. The stock has a fifty day simple moving average of $202.07 and a two-hundred day simple moving average of $202.25. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22.
Electronic Arts Dividend Announcement
Analyst Ratings Changes
Several brokerages have weighed in on EA. Citigroup upped their target price on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and an average price target of $196.64.
View Our Latest Stock Analysis on EA
Insider Activity
In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $200.54, for a total transaction of $501,350.00. Following the completion of the sale, the insider directly owned 40,843 shares in the company, valued at $8,190,655.22. This represents a 5.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jacob J. Schatz sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total value of $1,005,950.00. Following the sale, the executive vice president owned 42,287 shares of the company’s stock, valued at $8,507,721.53. This trade represents a 10.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 39,906 shares of company stock worth $8,032,336 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.
About Electronic Arts
Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.
EA’s product lineup spans several well-known franchises and genres.
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